Archive for December, 2011
St. Regis Deer Valley Condos & Residences Update
December 28th, 2011 Categories: Park City
This update should please Deer Valley bargain-hunters!
Remember back when St. Regis Deer Valley was pre-selling condos back in 2005-2008 while the resort was under construction?
No surprise–given the volatile economy–some of the prospective purchasers who had St. Regis condos and residences under contract were not able to secure financing, and they did not complete their purchases.
Here’s why their misfortune spells opportunity for you!
Some of these buyers forfeited their earnest money deposits–to the tune of hundreds of thousands of dollars per unit.
Since the developer retained (and rightly so…) deposits from some of the failed sales, these units might be good targets for acquisition at great prices!
Timing is Critical to Getting the Best Deals in Deer Valley
We have no authority to represent how the developer might respond to any aggressive purchase offers…but we strongly believe that this could be your best chance ever to acquire a St. Regis Deer Valley condo at the lowest possible price.
Please email us for more info and let’s discuss the possibilities.
PS: If you’re curious about retail prices of St. Regis Deer Valley Condos and Residences on the Park City MLS go here:
St. Regis Deer Valley Condos & Residences for sale
PPS: Our buyer clients don’t pay retail prices when they invest in Deer Valley right now 
Email us for additional info…
Notice:
Let’s be really clear… Park City Real Estate Guide® does not represent the developer or operator of the St. Regis Resort & Residences, Deer Crest, nor is Keller Williams Park City Real Estate the listing brokerage for the project. We are in no way affiliated with or authorized to speak on behalf of the owner, developer, or operator of the resort.
We are simply expressing our opinions about trends and opportunities we see in the Deer Valley and Park City real estate marketplace.
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Deer Valley Condo Fire Sale
December 28th, 2011 Categories: Deer Valley®, Foreclosures, Park City, Real Estate, Skiing
Breaking news….We have touted the opportunities in the Red Stag Lodge before, if you are unaware of this luxury condo building you can read our earlier posts, but the most important factor is its location.
In short, these luxury condos are walking distance to the slopes at Deer Valley resort as well as the St. Regis and on the free bus line just a couple minutes from Park City’s Main Street.
We have helped a couple buyers secure fantastic deals there in the past few months and now there is some extreme motivation on the part of the bank that owns two units there. Seems the bank has bumped up against its debt limit and they are now being forced to fire sale their remaining units in Red Stag. There will be a 20% price reduction on these two units in the next couple days.
These are two bedroom, three full bath beautifully appointed condos with private hot tubs and full kitchens.
These condos sold three years ago for well over a million dollars and they will now be dropped to just $499,000! Similar sized units next door in Powder Run are on the market for twice as much! There are two of these units available and when the price change hits the MLS there will be immediate interest as this is an extreme value for its location. Click here for details and photos Red Stag Deer Valley Best Buys
One more great Deer Valley buy is higher on the mountain in the Ridgepoint complex.
These upper Deer Valley condos offer ski in and out access to the complex, great views, as well as tennis courts and a pool.
This particular unit is priced $250,000 less than another similar unit and is the lowest priced upper Deer Valley condo available. This is also an extreme value and will go quickly. Ridgepoint Best Buy
If you have been waiting for the right time to get a great deal in Deer Valley, your time has come!
Contact one of our team to take advantage of these incredible opportunities…
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